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The Government of I ndia notifies the Scheme of Electoral Bonds to cleanse the system of political funding in the country; Electoral Bond would be a bearer instrument in the nature of a Promissory Note and an interest free banking instrument; Bond(s) would be issued/purchased for any value, in multiples of ₹ 1,000, ₹ 10,000, ₹ 1,00,000, ₹ 10,00,000 and ₹ 1,00,00,000 from the Specified Branches of the State Bank of India (SBI)

News and Press Release - Dated:- 3-1-2018 - The Government of India notified the Scheme of Electoral Bonds to cleanse the system of political funding in the country. The broad Features of the Scheme are given below: Electoral Bond would be a bearer i .....

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f ₹ 1,000, ₹ 10,000, ₹ 1,00,000, ₹ 10,00,000 and ₹ 1,00,00,000 from the Specified Branches of the State Bank of India (SBI). The purchaser would be allowed to buy Electoral Bond(s) only on due fulfilment of all the extan .....

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